Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

Posted on March 7th, 2024 at 1:26 PM
FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the Financial Industry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.

As reported by AdvisorHub, Bovee declined to provide testimony in the investigation regarding potential violations of FINRA rules or federal securities laws related to the sale of securities issued by Integrated National Resources (INR). Her refusal triggered an automatic bar under FINRA Rule 8210. The investigation stemmed from an investor tip and a Securities and Exchange Commission (SEC) complaint in May, accusing Bovee of receiving $715,000 in payments for her role in helping INR investors restructure or return their shares, naming her as a relief defendant.

INR, also known as ÍøÆØ³Ô¹ÏedGenics, faced a shutdown with frozen assets in May following the SEC's complaint, accusing it of operating a Ponzi scheme. The company claimed to raise funds for developing cannabis cultivation facilities but allegedly misappropriated over $16 million for personal expenses, including luxury cars and adult entertainment.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I cannot thank you enough for your guidance. It's a good feeling knowing someone is fighting for you.

Matt J.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.